Insurance Sales Question:
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Explain what is General Insurance policy? What does it cover?

Insurance Sales Interview Question
Insurance Sales Interview Question

Answer:

General Insurance is basically an insurance policy that protects you from losses and damages other than covered by life insurance. For example it covers

☛ Personal property such as car or house
☛ Accident and health Insurance
☛ Liability Insurance - legal Liabilities
☛ Property against natural calamities like flood, fire, earthquake etc.
☛ Burglary and theft
☛ Coverage on transport vehicles carrying goods like Cargo Ship
☛ Coverage against machinery breakdown
☛ Travel

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Tell me what do you mean by term 'Insurer' and 'Insured'?Explain what do you mean by 'Loss Payee'?